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Oct 4, 2012
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tax cuts. you knew this was goingo be a big issue. president obama went on the attack saying mitt romney is essentially pitching a huge tax cut for the rich. >> governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts, that's another trillion and $2 trillion in additional military spending that the military hasn't asked for. >> mitt romney does propose across the board 20% tax cuts in the nonpartisan tax center says under that plan, taxes on the wealthiest americans would be reduced by $5 trillion. initially. but romney says he would offset the cuts with reductions and deductions and closing loopholes that will reduce the tax cut for the wealthy. so our verdict here is that president's saying he would cut the taxes by $5 trillion on wealthy is false because any deduction you take out will make it smaller. there is more to this story. on the deficit, mitt romney claims with the tax cuts he'll not add to the deficit. >> my number one pri
tax cuts. you knew this was goingo be a big issue. president obama went on the attack saying mitt romney is essentially pitching a huge tax cut for the rich. >> governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts, that's another trillion and $2 trillion in additional military spending that the military hasn't asked for. >> mitt romney does propose across the board 20% tax cuts in the nonpartisan tax center says under...
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Oct 2, 2012
10/12
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that's new analysis from the tax policy center. this breaks down the data by income. see how much money you make on the left. on the right, you'll see what the fiscal cliff would give you for tax increases next year. if you make between 40,000 and $60,000 it's a $2,000. the more you make, for people that make more than $100,000 you'll have a $14,000 tax bill next year. it's -- they couldn't agree on deficit reduction. fiscal cliff congress would have to fix it a quick point. thpayroll tax cut that you're getting right now, it's likely not going to be extended. there will be higher taxes, maybe a little bit, maybe a lot depending what congress does. now, the new york attorney general filed suit against jpmorgan against the mortgage backed securities sold. the start of it all. the civil suit alleges that bear stearns which jpmorgan now owns and is responsible for, misled investors into thinking the toxic loans had been fully evaluated. even when bear stearns found out there were problems, the bank "failed to reform their practices or
that's new analysis from the tax policy center. this breaks down the data by income. see how much money you make on the left. on the right, you'll see what the fiscal cliff would give you for tax increases next year. if you make between 40,000 and $60,000 it's a $2,000. the more you make, for people that make more than $100,000 you'll have a $14,000 tax bill next year. it's -- they couldn't agree on deficit reduction. fiscal cliff congress would have to fix it a quick point. thpayroll tax cut...
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how in lord's name can they justify raising their taxes with these tax cuts? >> and this is how paul ryan responded. >> i thought he was taking my speech. you know what? we agree. the middle class has been buried over the last four years. they're being buried by obama care, by borrowing, taxes, spending, more regulations, all this uncertainty plaguing businesses. the way to fix this is stop this and elect mitt romney. >> on the joe biden, gaffe meter, how big of a gaffe is this? >> joe biden gaffe meter? that's probably different. probably a six for a non-joe biden it would probably be an eight. come on, joe biden makes some great ones. you know, i thought it was interesting yesterday, the amount of conference calls that suddenly both sides engaged in after joe biden opened his mouth. after, put you back in chains comment, they took him off the stage for a few weeks and they may do that for the rest of the election. >> i want to move on to another piece of tape that's received a lot of attention over the last 24 hours or so. a tape put out by fox news, daily c
how in lord's name can they justify raising their taxes with these tax cuts? >> and this is how paul ryan responded. >> i thought he was taking my speech. you know what? we agree. the middle class has been buried over the last four years. they're being buried by obama care, by borrowing, taxes, spending, more regulations, all this uncertainty plaguing businesses. the way to fix this is stop this and elect mitt romney. >> on the joe biden, gaffe meter, how big of a gaffe is...
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Oct 1, 2012
10/12
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impossible for a tax cut of that size to work without either adding a tax burden on the middle class, or increasing the deficit. >> and talk about getting the last laugh, john. whitney kropp, the michigan teen who was nominated to her homecoming court as a joke absolutely dazzled at the game on friday. look at her. and she has this to say to other bullied teens. >> the kids who are bullying, do not let them bring you down. stand up for what you believe in and go with your heart and go with your gut. that's what i did, and look at me now. i'm just as happy as can be. >> look at you now. super confident. whitney's supporters, including students from the visiting team, wore orange to the game, and that is her favorite color. >> so strong. love hearing her talk. >> it's really great. >>> arnold schwarzenegger puts himself in the hot seat, answering questions about his failed marriage, his affair, his love child. and the fact that he performed same-sex marriages while in office. we're going to hear directly from arnold coming up next. mo. with the ability to improve roi through seo all by
impossible for a tax cut of that size to work without either adding a tax burden on the middle class, or increasing the deficit. >> and talk about getting the last laugh, john. whitney kropp, the michigan teen who was nominated to her homecoming court as a joke absolutely dazzled at the game on friday. look at her. and she has this to say to other bullied teens. >> the kids who are bullying, do not let them bring you down. stand up for what you believe in and go with your heart and...
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Sep 27, 2012
09/12
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i mention there's a tax credit for sending a kid to college. that would be something that would disappear as well. pooug research saying one in five households, a record one in five households owed tune debt in 2010. in that year 19% of households held student debt. that's a significant jump from just 15% of households in 2007 before the recession. the average student debt, so for a family that has student debt, the average debt is more than $26,000, triple what it was in 1 1989. your incomes aren't budging. you can't borrow tens of thousands of dollars against your house anymore. a lot of people ask me, how am i supposed to be able to send a kid to college? a piece of advice i got from a financial guru. save a third. you need to be saving a third of the college. a third should be loans. only a third should be loans or you will never get out of it. the other third should be grants, scholarships and the kid has to pay. aim to save for a third or you'll shall hurting your chances and the kids chans. >> let the kids save some of the money they're
i mention there's a tax credit for sending a kid to college. that would be something that would disappear as well. pooug research saying one in five households, a record one in five households owed tune debt in 2010. in that year 19% of households held student debt. that's a significant jump from just 15% of households in 2007 before the recession. the average student debt, so for a family that has student debt, the average debt is more than $26,000, triple what it was in 1 1989. your incomes...
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Sep 26, 2012
09/12
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as you know the prosperity tax -- >> sounds like a campaign finance issue. >> it's total reformulation of how we administer foreign aid and making it tied to economic development in foreign countries and -- >> nobody thinks -- >> -- something fresh thinking richard -- >> so the presidential debates are coming up. >> nobody thinks something called prosperity tax is going to solve these nuanced problems that mr. romney in that secret tape recording said he didn't think he could solve any of these problems. the poll numbers are a result of that reporting. when people see him speaking candidly when he does not think he's being reported he says that he cannot solve these foreign policy criseses and he says that he didn't care about almost 50% of the american public. >> all right richard socarides, margaret hoover thank you for joining us. on "starting point" you can talk about the quinnipiac poll. we did promise our viewers we would do that. thank you for this lovely dialogue. >>> with israel and iran moving closer to the brink of war and anti-american sentiment on the rise around the world
as you know the prosperity tax -- >> sounds like a campaign finance issue. >> it's total reformulation of how we administer foreign aid and making it tied to economic development in foreign countries and -- >> nobody thinks -- >> -- something fresh thinking richard -- >> so the presidential debates are coming up. >> nobody thinks something called prosperity tax is going to solve these nuanced problems that mr. romney in that secret tape recording said he...